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Calendar Year

2004 in US Banking

1,169 bank events are on record for 2004: 4 failures, 853 mergers or acquisitions involving a bank, credit union or bank holding company, and 312 enforcement actions.

4
Failures
$170.1M in failed assets
853
Mergers
Federal Reserve NIC, banking organizations
312
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 2004 · Bank mergers 2004

How many banks failed in 2004?

4 banks failed in 2004, with $170.1M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Jun 25, 2004 Bank of Ephraim Ephraim, UT $56.8M Far West Bank
Mar 19, 2004 Reliance Bank White Plains, NY $28.6M Union State Bank
Mar 12, 2004 Guaranty National Bank Tallahassee, FL $71.3M Hancock Bank
Feb 14, 2004 Dollar Savings Bank Newark, NJ $13.4M —

Which banks merged in 2004?

853 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2004.

See the fuller list: Bank mergers 2004 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Dec 6, 2004 HCB Bancorp, Inc. WA Security State Corporation
Dec 6, 2004 Harbor Community Bank WA Security State Bank
Dec 4, 2004 Community First Bankshares, Inc. ND Bank of the West
Dec 4, 2004 Peoples Bank of Polk County TN SimplyBank.
Dec 4, 2004 Community First National Bank ND Bank of the West
Dec 4, 2004 Cedar Creek Bank TX Franklin Bank, S.S.B.
Dec 4, 2004 Bank of Dyer TN The Farmers & Merchants Bank
Dec 4, 2004 Bank of Amador CA American River Bank
Dec 4, 2004 UMB Bank Omaha, National Association NE UMB Bank, N.A.
Dec 4, 2004 Community First Financial, Inc. ND Bank of the West
Dec 4, 2004 First City Bank CT Webster Bank, N.A.
Dec 3, 2004 Med Com Federal Credit Union GA Membersfirst Credit Union
Dec 3, 2004 The Pennsylvania State Banking Company PA Sterling Financial Corporation
Dec 3, 2004 Prospect Bank OH SKY Bank
Dec 2, 2004 Priority One Credit Union TX Resource One Credit Union
Dec 1, 2004 Golden Flake Credit Union AL Avadian Credit Union
Dec 1, 2004 Pointpathbank, N.A. GA Peachtree National Bank
Dec 1, 2004 Citizens Bancshares, Inc. FL Ameris Bancorp
Dec 1, 2004 First Bradenton Bank FL First National Bank of Florida
Dec 1, 2004 Liberty National Bancshares, Inc. GA United Community Banks, Inc.
Dec 1, 2004 First Union Direct Bank, N.A. GA Wachovia Bank, N.A.
Dec 1, 2004 Yutan Bancorp., Inc. NE First State Holding Co.
Dec 1, 2004 Hickman Corporation NE First State Holding Co.
Dec 1, 2004 Hillside Investors, Ltd. IL The San Francisco Company
Dec 1, 2004 Republic Steel Workers Federal Credit Union OH Stark Federal Credit Union
Dec 1, 2004 CIB Bank IL First Bank
Dec 1, 2004 Oceana School Employees Credit Union MI Family Financial Credit Union
Dec 1, 2004 Local 2-149 Pace Federal Credit Union NJ Community Financial Services Federal Credit Union
Dec 1, 2004 Zurn Employees Federal Credit Union PA Tendto Federal Credit Union
Dec 1, 2004 Compact Credit Union NC First Legacy Community Credit Union
Dec 1, 2004 First National Bank TX First Financial Bank, National Association
Dec 1, 2004 Rowan Savings Bank, SSB, Inc. NC Communityone Bank, National Association
Dec 1, 2004 Kemba Credit Union MI Kemba Financial Credit Union, Inc.
Dec 1, 2004 Greenline Federal Credit Union OH Sun Center Federal Credit Union
Dec 1, 2004 Western Avenue Federal Credit Union CA Golden West Cities Federal Credit Union
Dec 1, 2004 Ams Credit Union VA Apple Federal Credit Union
Nov 30, 2004 Canton E O G Federal Credit Union OH Dominion Energy Credit Union
Nov 30, 2004 Prospect Bancshares, Inc. OH SKY Financial Group, Inc.
Nov 30, 2004 Independent Management Group II, Inc NV Community South Bank
Nov 30, 2004 Bantam Employees Credit Union IA Cedar Falls Community Credit Union
Nov 30, 2004 Insouth Investments Inc NV Insouth Bank
Nov 30, 2004 First Ada Bancshares, Inc. OK Vision Bancshares, Inc.
Nov 30, 2004 Magnolia Healdton Federal Credit Union OK Southwest Oklahoma Federal Credit Union
Nov 30, 2004 Resource Conservation Federal Credit Union OR Oregonians Credit Union
Nov 24, 2004 Franklin Bank of California CA Cass Commercial Bank
Nov 23, 2004 Mann Road, Inc. TX International Bancshares Corporation
Nov 22, 2004 Americana National Bank MN American Bank of St. Paul
Nov 20, 2004 Nobles Agency, Inc. MN First National Bancorp, Inc.
Nov 20, 2004 Eustis Bancshares, Inc. NE Midwest Banco Corporation
Nov 20, 2004 Farmers State Bank NE Waypoint Bank

The list holds 500 of the 853 mergers recorded for 2004.

Enforcement Actions in 2004

Action date Agency Institution Action
Nov 4, 2004 OCC Bank of America, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Crews, Joseph
Nov 4, 2004 OCC The Upstate National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Upstate National Bank
Nov 4, 2004 OCC Bank of America, N.A. Prohibition/Removal Orders: Crews, Joseph
Oct 29, 2004 OCC Union Bank of California Foundation Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Arpajian, Meline
Oct 29, 2004 OCC City National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Arpajian, Meline
Oct 28, 2004 OCC_OTS United Fidelity Bank, FSB Termination of Supervisory Agreement: United Fidelity Bank, fsb
Oct 26, 2004 FRB (individual) Written Agreement: County Bank, Merced, CA
Oct 25, 2004 OCC Herring National Company Formal Agreement: The Herring National Bank
Oct 22, 2004 OCC New York National Bank Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): New York National Bank
Oct 21, 2004 OCC First National Bank of Sumner The-Retained Charter Prohibition/Removal Orders: Johnson, Joseph E.
Oct 21, 2004 OCC First National Bank of Sumner The-Retained Charter Civil Money Penalty (CMP): Johnson, Joseph E.
Oct 21, 2004 OCC_OTS Ponce De Leon Mortgage Corporation Supervisory Agreement: Ponce de Leon Federal Bank
Oct 20, 2004 OCC_OTS Lyons Federal Savings Association Civil Money Penalty: Kevin L. McClure
Oct 20, 2004 FRB Kenco Bancshares, Inc. Written Agreement: William J. Collier
Oct 19, 2004 OCC The National State Bank of Metropolis Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Healey, Gregory P.
Oct 19, 2004 OCC The National State Bank of Metropolis Civil Money Penalty (CMP): Healey, Gregory P.
Oct 18, 2004 OCC The Bank of Miami, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): International Bank of Miami, National Association
Oct 18, 2004 OCC Bank of America, N.A. Prohibition/Removal Orders: Poghosyan, Aznaour
Oct 18, 2004 OCC Peoples National Bank of Kewanee Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank of Kewanee
Oct 18, 2004 FRB Union Bank of California International Written Agreement: Union Bank of California International, New York, NY
Oct 18, 2004 OCC Bank of America, N.A. C&D or PC&D Requiring Restitution: Poghosyan, Aznaour
Oct 15, 2004 OCC_OTS Citizens Building and Loan MHC Supervisory Agreement: Citizens Building and Loan Association
Oct 15, 2004 OCC_OTS Golden Prague Federal Savings and Loan Association Supervisory Agreement: Golden Prague Federal S&LA
Oct 14, 2004 FRB (individual) Written Agreement: The Community State Bank, Poteau, Oklahoma
Oct 13, 2004 OCC (individual) Civil Money Penalty (CMP): Burns, Brian
Oct 13, 2004 FRB Kenco Bancshares, Inc. Written Agreement: Jesse L. Reese
Oct 13, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Burns, Brian
Oct 13, 2004 OCC Pelican National Bank Prohibition/Removal Orders: Calton, Melissa I.
Oct 12, 2004 FRB Amsouth Bancorporation Cease and Desist Order: AmSouth Bancorporation and AmSouth Bank, Birmingham, AL
Oct 12, 2004 FRB Amsouth Bancorporation Civil Money Penalty $10,000,000: AmSouth Bancorporation and AmSouth Bank, Birmingham, AL
Oct 12, 2004 OCC_OTS Rayne Building & Loan Association Supervisory Agreement: Rayne Building and Loan Association
Oct 8, 2004 OCC First National Bank and Trust Civil Money Penalty (CMP): Culbertson, Lloyd K.
Oct 7, 2004 FRB (individual) Written Agreement: Standard Chartered plc, London, United Kingdom, Standard Chartered Bank, London, United Kingdom, …
Oct 4, 2004 OCC_OTS Commercial Federal Bank, a Federal Savings Bank Orders of Removal/Prohibition: Ginger D. Millbern
Oct 1, 2004 OCC Titan Bank, N.A. Formal Agreement: First National Bank, Graford
Oct 1, 2004 OCC_OTS Horizon Bank Civil Money Penalty: Horizon Bank, FSB
Oct 1, 2004 OCC_OTS Horizon Bank Supervisory Agreement: Horizon Bank, FSB
Sep 30, 2004 OCC_OTS Community Development Insurance Services, LLC Supervisory Agreement: Community Development Bank
Sep 30, 2004 OCC_OTS Federal Medical Bank, FSB Supervisory Agreement: Federal Medical Bank, FSB
Sep 29, 2004 OCC The Huntington National Bank Prohibition/Removal Orders: Thomas-Nicholson, Dyann R.
Sep 29, 2004 OCC The Huntington National Bank C&D or PC&D Requiring Restitution: Thomas-Nicholson, Dyann R.
Sep 28, 2004 OCC Union Bank of California Foundation Prohibition/Removal Orders: Hill, Charles Y.
Sep 28, 2004 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Hobgood, Darrell
Sep 28, 2004 OCC Union Bank of California Foundation C&D or PC&D Requiring Restitution: Hill, Charles Y.
Sep 28, 2004 OCC_OTS Dollar Savings Bank Civil Money Penalty: Robert DeMane
Sep 28, 2004 OCC_OTS Dollar Savings Bank Orders of Removal/Prohibition: Larry Marro
Sep 28, 2004 OCC_OTS Dollar Savings Bank Orders of Removal/Prohibition: Robert DeMane
Sep 28, 2004 OCC (individual) Civil Money Penalty (CMP): Hobgood, Darrell
Sep 27, 2004 OCC_OTS River Valley Bancorp Civil Money Penalty: River Valley Fianncial Bank
Sep 27, 2004 OCC_OTS River Valley Bancorp Cease and Desist: River Valley Financial Bank

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